Bank Compensation
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Customer Receives Rs 3.2 Lakh In Compensation After Bank Delays Credit Card Closure
A customer received Rs 3.21 lakh in compensation after a bank delayed the closure of two credit cards.
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Why OTP Alone Won't Work Anymore: RBI's New Digital Payment Rules Explained
Under the new framework, two-factor authentication (2FA) will become mandatory for all digital transactions, fundamentally changing how users pay via UPI, cards, and mobile wallets.
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Kotak Bank 'Fraud': How Safe Are Your Bank Deposits? What Rules Say
Banking frauds in India fall into familiar patterns: misappropriation, forged documents, manipulation of accounts, or unauthorised transactions.
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Surat Man Wanted To Withdraw Rs 10,000. ATM Glitch Gave Him Rs 3 Lakh
What started as a simple attempt to withdraw Rs 10,000 from an ATM in Gujarat's Surat has turned into one of the costliest cashdispensing errors for a bank in recent times.
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'85% Coverage': RBI Issues Draft Digital Fraud Compensation Guidelines
The Reserve Bank of India on Friday released draft guidelines for a compensation scheme aimed at protecting customers from digital fraud, offering coverage for up to 85% of the lost amount or a maximum of 25,000 rupees ($271.98).
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Farmer Says Got ₹2.30 Instead Of 1.5 Lakh As Crop Loss Aid, Official Replies
A farmer in Maharashtra was shocked after his bank account was credited with only Rs 2.30 as the government's alleged compensation for crop loss caused by unseasonal rainfall.
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Kerala High Court Wants Wayanad Landslides Compensation Paid In Bank Accounts
The Kerala High Court today noted that there were reports that victims of the Wayanad landslides are yet to receive compensation and directed the government to set up a mechanism to disburse financial aid via the treasury or bank accounts.
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Opinion | How CPI(M) Became A Victim Of Its Own Propaganda In Kerala
Pinarayi Vijayan had realised that the CPI(M)s Hindu vote bank was gradually eroding. Minority outreach, he thought, would be enough to compensate for that. But he was wrong.
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Haryana Cops To Impose National Security Act Against Protesting Farmers
Amid a stand-off with the farmers, Haryana Police in Ambala District has said that any loss to the government and private property during the protest will be compensated by attaching the property and seizure of bank accounts of the protestors.
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Singapore's Biggest Bank Cuts CEO's Pay By Millions on Digital Banking Outage
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's compensation got hit due to digital disruptions
-
Customer Receives Rs 3.2 Lakh In Compensation After Bank Delays Credit Card Closure
A customer received Rs 3.21 lakh in compensation after a bank delayed the closure of two credit cards.
-
Why OTP Alone Won't Work Anymore: RBI's New Digital Payment Rules Explained
Under the new framework, two-factor authentication (2FA) will become mandatory for all digital transactions, fundamentally changing how users pay via UPI, cards, and mobile wallets.
-
Kotak Bank 'Fraud': How Safe Are Your Bank Deposits? What Rules Say
Banking frauds in India fall into familiar patterns: misappropriation, forged documents, manipulation of accounts, or unauthorised transactions.
-
Surat Man Wanted To Withdraw Rs 10,000. ATM Glitch Gave Him Rs 3 Lakh
What started as a simple attempt to withdraw Rs 10,000 from an ATM in Gujarat's Surat has turned into one of the costliest cashdispensing errors for a bank in recent times.
-
'85% Coverage': RBI Issues Draft Digital Fraud Compensation Guidelines
The Reserve Bank of India on Friday released draft guidelines for a compensation scheme aimed at protecting customers from digital fraud, offering coverage for up to 85% of the lost amount or a maximum of 25,000 rupees ($271.98).
-
Farmer Says Got ₹2.30 Instead Of 1.5 Lakh As Crop Loss Aid, Official Replies
A farmer in Maharashtra was shocked after his bank account was credited with only Rs 2.30 as the government's alleged compensation for crop loss caused by unseasonal rainfall.
-
Kerala High Court Wants Wayanad Landslides Compensation Paid In Bank Accounts
The Kerala High Court today noted that there were reports that victims of the Wayanad landslides are yet to receive compensation and directed the government to set up a mechanism to disburse financial aid via the treasury or bank accounts.
-
Opinion | How CPI(M) Became A Victim Of Its Own Propaganda In Kerala
Pinarayi Vijayan had realised that the CPI(M)s Hindu vote bank was gradually eroding. Minority outreach, he thought, would be enough to compensate for that. But he was wrong.
-
Haryana Cops To Impose National Security Act Against Protesting Farmers
Amid a stand-off with the farmers, Haryana Police in Ambala District has said that any loss to the government and private property during the protest will be compensated by attaching the property and seizure of bank accounts of the protestors.
-
Singapore's Biggest Bank Cuts CEO's Pay By Millions on Digital Banking Outage
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's compensation got hit due to digital disruptions
